Beware central bankers on monetarist war path, Communications can bite central banks, and more
THE WEEKEND REVIEW
Latest opinion and analysis from OMFIF around the world
14-18 February 2022, Vol.13 Ed.7
Most-read Commentary
Beware central bankers on monetarist war path: Somehow the world has got through Covid-19, but no one knows how to tackle the next double crisis. Given this uncertainty, it’s surprising that developed countries have shown signs of rushing back to the ‘old normal’. Central banks seem ready to march down the monetarist warpath. But, if they do that, they may confront substantial problems, writes Meghnad Desai.Â
Commentary Communications can bite central banks: Jerome Powell and Christine Lagarde have come under criticism for poor communications following the recent FOMC and ECB press conferences. Central banks do mangle their communications at times. But even if communication is clear, it is still an exercise fraught with potential confusion, writes Mark Sobel. Read more.
Video Resilience, recovery and sustainability: Central America 2021: OMFIF and CABEI organised an on-the-record virtual launch for the second edition of their joint report on Central America. This year, the report focuses on resilience, recovery and sustainability, assessing the region’s competitive advantages and how financial markets can further development. Watch.
Video Fireside chat with Lawrence H Summers: Larry Summers, one of America’s leading economists, served as secretary of the Treasury and director of the White House National Economic Council. Summers joined Mark Sobel, US chair, OMFIF, for a wide-ranging macroeconomic discussion on the outlook for the US economy, fiscal deficit, inflation, and the American rescue plan. Watch.Â
Commentary Competing Berlin economic players stretch Scholz’s big tent: The German coalition is a big tent. Behind the scenes, the economic policy tent has been getting more disorderly. The good news is that Berlin is replete with vibrant policy-makers intent on resolving Germany’s and Europe’s economic problems. These objectives could be stymied by government squabbles, write David Marsh and Mark Sobel. Read more.
